the main military plays do you think in the u.s. on me will benefit to with a goal at the top. you know i think it could because you know he was a enlisted soldier in the vietnam war recently when he was interviewed he talked to this fact that he understands how important morale is to the troops and i was i was also in the gulf war so i understand what he's talking about there we have troops now we have men and women who've been fighting for over a decade some of them five six seven tours in combat zones with no a stablish goal or no sign of victory in sight just a promise of you know we're doing the right thing and it's going to in one day so you know if he could get in as the head of the department of finance and and give the men and women some kind of idea of what they're doing and how long it's going to last but again i mean this is probably a pipe dream on my part it would be a great notion but again history has shown will commit troops to whatever cause as long as we wrap you know so-called democracy around it will commit them to combat

zones indefinitely hedo has been strongly against a major defense budget cuts at the same time he said the budget is bloated how do you think you'll balance the books. well you know great question the united states this is united states of america you know no matter what we no matter what the politicians come before those cameras and tell you what the key factors are that we need to take care of it be a social safety nets or the economy or or jobs being created in this country the united states will always have money for two things you can be rest assured bankers and bullets we already see the headlines coming out of the mainstream media talking about the sequester and how this is going to get our military we will have nonstop propaganda being you know bombarded on to the people the fear of reducing the budget of the military so i'm absolutely confident that whoever is secretary of defense will have a very very loose pocketbook to spend to keep spinning us into having it let's

leave it right there thank you very much charlie mcgrath of the founder of the wide awake news dot com website. that's the needful of this katie's yeah with all the latest in business in a few minutes do stay with us. here the reindeer isn't everything for the herders and when it suffers people do their best to help. but the distances are. on the roads are. unpredictable. will the remedy be untidy.

more news today violence has once again flared up. saying these are the images the world has been seeing from the streets of canada. trying to look for a shelter of the day. if. you will for the. money it's technology innovations all the latest developments from around russia we've got the future covered. download the show. so. stream quality and enjoy your favorite. if you're away from your television or it just doesn't matter

now with your mobile device you can watch your t.v. anytime anywhere. though welcome to business i'm katie pilgrim thank you for joining me now is a new battle in the wild card as he wore central banks all shopping then i was and getting ruthless in their attempts to devalue their cars is in order to fight off competition from rival economies now so fall who looks set to be victorious and who is in the firing line now earlier i spoke to mike ingram from b g c broca's and also him exactly that. the quality that's definitely on the offensive now are some of the big central banks united states absolutely the bank of england have been

there and now we're starting to see the jam bank of japan waiting in you know a potential with massive intervention to to weaken the yen on the on the flip side of the people who are likely to be the losers i would have to say generally the emerging market economies and also poor old euro zone with the e.c.b. the other able to participate in the military expansion and this is a couple not now with the year out because it is going in the opposite direction is strengthening how much of a disadvantage is that. well it's a it's a massive problem for the euro zone i mean you're a zone is already in recession the latest data that we've had is that. surprising that on the upside there are countries like spain. and you know it's not as if europe has an inflation problem but this is only going to. increase deflationary

forces it's going to slow down. growth it's going to slow down investment so yeah the euro zone's really get beaten up badly by these this currency and let's talk about the emerging market currencies that you mentioned that how do they fit into this well what happens to they have to fight with and what about the russian ruble what what's that role. well their options actually tend to be relatively limited because it would affect the meeting for instance i mean. you're right it's if you'll be all those. things that are relatively high yielding currencies of the financial cost will actually be quite high so what we'll probably end up seeing some for sure is you can see that. she's obviously got some very itself but also. actually controls which resume for instance in korea of the protests. and let's talk about the currency war and that still concept of it all

how much correct me if i'm wrong does it actually damage global growth then surely there must be other ways to use the stagnate economy. that's an excellent question i mean. in theory if everybody indulged in q e then the net effect on currency is a bilateral right so what he thinks might actually not be that much at all. it's you know in our group that you know if a lot of monetary stimulus that we're going to put it best is going to risk assets and it would in theory a stimulating effect on the global economy because in practice what is likely to happen nothing is going to be coordinated everybody will try to enter seek some sort of a project over everyone else there are some you know central banks some authorities like p.c.b. as you mentioned earlier which makes it beyond able to engage in this kind of

quantitative easing so what would happen you see for currency volatility. business investment doesn't quite see the tour so what that would mean is probably a repeat of what we saw in the nine hundred thirty s. and it would it would negatively impact on global economic growth and just to conclude now as we are talking about a war today you see as the most victorious in all of that if you could name an economy a current c. right now that is winning who would it pay. well on current form it seems to. us because you know despite the rather bad fourth quarter g.d.p. numbers released yesterday it is one of the few large economies that seems to hold its way back all the economic apiece. yes we'll see before the truck remarked. you know. what gets me to write that everybody party to

u.s. treasuries which will lower long term interest rates in the u.s. anyway so it's it seems to be that it's a question of what the case of us sort of had today with the details everybody else loses. so while we're on the topic of current says let's check out the russian ruble and see what happens today and as you can see managed to get it against the u.s. dollar but lose out to the strengthening common currency with russia and check out the stock markets then i will be able to see that we did see some gains today for the last day of the month a lot of that was down to or oil which continues north and stocks really appreciating that hey we got a quarter of a percent. on the my sixth is going to europe and see what happened that is the see saw day of it but we ended up with declines for the london's footsie suffering a second day of declines in a row now the bourse is still truckload to see the third best january on record since its inception all together now investors really are keeping an eye on the

fiscal cliff situation as well wondering it is going to rear its ugly head as well excuse me dropping my papers never mind more march on we have got the u.s. markets to check out as well now they too are having a mixed day of it they were declining up until about ten seconds ago but the nasdaq is now in positive territory i can tell you you have to take my word for it now there we are we've got gains as you can see for the nasdaq but for the dow jones it sort of flat negative just the yearly performance best start since nineteen eighty nine. all right then we'll move on germany is comical volkswagen will stop conveys full four days next month because of lack of demand in europe now fat is predicted to be a gloomy give full many european otay manufacturers however the russian call markets have gone ten percent last year but experts say we have seen the last of the industry growth for years to come touch on

a point where polls. in europe for plans to close down three factories me thought in russia cuts working week to four days old pill shots factory in the europe's biggest car market germany general motors called the situation on the right here the market catastrophic. russia is one of the most dynamic all to markets in the world off to japan and the u.s. and it's the second biggest in europe formula one tire maker italy's pirelli has invested over two hundred million euros in two factories in russia the company's managing director market on cate's explains why russia has become one of their strategic markets then makes we've changed a bit more and more a capacity of a better car because of the premium segment. we'll reach a certain level but the primo is going to grow you know britney's also please where

we produce but here it's for more story for an alternate up but i really have a distribution chain it's quite a strong gun so russia. at the platform up from where we were and exports you said this one in four russians owns a car compared to one in two people in western europe russia is growing g.d.p. and stronger ruble helps support the industry the head of state corporation ross tech said again chances of says russia's w t o membership will also give a boost to the sector which affects the killswitch the but we hope that our car marker. it will be growing not only on domestic production but also on imports since we entered the w t o market is open and they can ship as many cars as they like this pricewaterhouse coopers says that in several years the country may become the biggest european car market and even overtake japan and will peak in ten years at nearly four million annual car sales but also at

a modus three percent growth rate that's business are to central russia. and it seems germans are losing their taste for big consumption on the national beverage reached its lowest level since the country united back in one thousand nine hundred ninety so why then while one of the main reasons is an aging population which means the core drinking age group is declining and another reason is that in the past germans would not think twice about having a beer for breakfast but they this kind of behavior is very much frowned upon. and that's all the business from me and less than two hours time so join me then. wealthy british style. guide.

market why not. come to find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into kinds a report on our. we speak your language they will not advance. your music programs and documentaries in spanish matters to you breaking news a little tentative angles keeping the stories. you hear.

to try to alter the spanish find out more visit i to our. science technology innovation hall the list of elements from around russia we've got the future are covered. it is.

so. back with me to bomb and say here on the news desk oh for more news analysis and

commentary on r.t.e. . u.n. human rights council has released a report saying israel must move all settlers out of palestinian territories the papers the settlements are violation of human rights destroying palestinians property and crops and driving them off their land israel has refused to cooperate with the investigation calling the report biased and counterproductive human rights activists and blogger roy a mole says that israel is damaging its own credibility. israel has been complaining for many years that it's being singled out by various un organs. the human rights council one of the things that it was formed to do was to have a more equitable process which has the same level of scrutiny for all you would members and although this report what did single out israel it's boycott of big human rights council is comprehensive it refuse to participate in

a review process which every other un member turns anybody israel attended four years ago and that undermines not only israel's international position but the whole human rights process in general. four hundred million dollars in debt and ukraine has had to wash up. all that find out online now we've managed to get so far into the red and how it hopes to get out of it. and craving for cold energy hungry china is growing as much of the black south as the rest of the world combined with levels of a pollution in the country skyrocketing that's online for you. britain's government has raised taxes twice as fast as cutting them according to a new report putting a damper on david cameron's pledge to create a low what text country figures show almost three hundred thirty hikes from the ruling coalition for that complicated and already notorious system artie's party

boy picks up the story. by the end of this parliament the u.k. public will have seen cuts to some one hundred nineteen various taxes that all sounds great but for a government that's promised to create a lower tax country news that they've actually increased some two hundred ninety nine of the taxes might be somewhat confusing the brits assume going to see an extra levy on carbon dioxide emissions that means energy bills are going to go up they're also going to see an increase in air passenger duty which means more expensive air travel and then some of the recent changes to u.k. tax law quite simply bizarre revenue and customs recently increased. for hairdressers renting a chair in a salon and then who can forget the recent. good scandal when u.k. tax code stated that it pasty would only be taxed if it was sold at above ambient

temperatures critics say the system is simply too chaotic britain has one of the most complex. jobs increases problems and it lowers wages so the timing from the rising cost of the show many times in greece is. difficult for them it's clear that the british government is in desperate need of cash to deal with the dismal public finances which means that by trimming a little bit of tax here and adding more tax burden there by twenty fifteen the u.k. treasury hopes to get an extra eighty four billion pounds in tax compared with the year before they came to power but critics say that once again is the british public which ends up out of pocket. r.t. london. next. british authorities are handling the financial

crisis and how they've tried to manipulate public perception. i. well gary's government is expected to block the russian finas construction of a new nuclear power plant this comes after a national referendum voted in favor of the project the vote however was invalidated due to a low turnout bulgaria's allies in europe and the us feared the project would mean energy dependence on russia and p. room men of shadow over says authorities did their best to bring the vote down.

it's. us. now to some other international news in brief workers in athens have gone on a two day strike with hundreds on the streets protesting against austerity measures that will make deep cuts to their pay five hundred medical staff chanted slogans in front of the health ministry doctors port workers and public transport staff took part in a number of different demonstrations across the greek capital. egypt's

top of politicians have reportedly signed a document drowns in widespread violence protests across the country the agreement came at a meeting attended by leaders of the muslim brotherhood and the heads of liberal and secular opposition movements it was called as a president morsi card short his trip to germany over the ongoing andress at home without securing any backing from berlin. two hundred people including dozens of children have been injured in a train crash near pretoria in south africa and authorities say the accident happened when a commuter train hit another stationary one twenty kilometers from the city emergency services arrived on the scene to find many of the injured walking along the tracks. north korean leader kim jong that all has reportedly imposed martial law in told his troops to be ready for war as a nuclear test rooms the isolated communist state is widely expected to hold its

third ever tears later next month meanwhile hundreds of protesters in the south of korea holder for the north to back down from its military threats so all has want to pyongyang there will be graver consequences if it goes ahead with a new thread that a nation. probably back with another news update in just a few minutes stay with our city. here the reindeer is interesting for the herders. and when it suffers. people do their best to help. but the distances are. then the answer. to the.

will of the roman need be and try. olympos. live.

limit. the speed. limit. which. looks. like something good live. just see. it. come out of my mind i'm a little.

hurt live. live .

live. live live. live live live . you know sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you don't know i'm tom harpur welcome to the big picture.

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